Le Van, C.; Page, F.H. Jr.; Wooders, M. - Department of Economics, University of Warwick - 2001
We introduce consumption externalities into a general equilibrium model with arbitrary consumption sets. To treat the problem of existence of equilibrium, a condition of no unbounded arbitrage, extending the condition of Page (1987) and Page and Wooders (1993, 1996) is defined. It is proven that...